IBA Insurance Broking Accounts Technician

JR United Kingdom; Portsmouth; On-site; GBP 30,000 - 40,000; Full time

Job summary

A growing insurance brokerage in Portsmouth seeks a skilled IBA Insurance Broking Accounts Technician. The role involves financial support tasks, such as bank reconciliation, premium payments, and maintaining accurate records. Candidates should have at least 2 years of IBA experience, strong communication skills, and a meticulous approach to detail.

Qualifications

• At least 2 years of experience in an IBA role.
• Working knowledge of client money rules and insurance legal principles.

Responsibilities

• Bank reconciliation and cash matching.
• Preparation and processing of premium, commission, and claims payments.
• Accurate record keeping using electronic data management systems.

Skills

Attention to detail

Strong communication skills

Problem-solving abilities

Time management

Job description

Job Title: IBA Insurance Broking Accounts Technician

Location:

Portsmouth, Hampshire, United Kingdom

Client:

Next Employment Ltd

Job Category:

Other

EU Work Permit Required:

Yes

Job Views:

4

Posted:

06.06.2025

Expiry Date:

21.07.2025

Job Description:

We are seeking a skilled IBA Technician for a growing insurance brokerage. This role supports the Finance and Technical Processing team and involves:

1. Bank reconciliation and cash matching
2. Income ledger administration, including posting to IBS
3. Preparation and processing of premium, commission, and claims payments
4. Knowledge of banking systems for premium, commission, and claims payments
5. Accurate record keeping using our electronic data management system
6. Monitoring credit risk, funding, unallocated cash, and unrealised brokerage
7. Producing intracompany reports and schedules
8. Resolving queries related to receipts of unexpected or unidentified funds
9. Handling queries from clients and underwriters
10. Coordinating with international offices and providing IBA support
11. Managing tasks in a multi-currency and multi-company ledger environment

Requirements include:

1. At least 2 years of experience in an IBA role
2. Working knowledge of client money rules and insurance legal principles
3. Attention to detail and accuracy
4. Strong communication skills with problem-solving abilities
5. Excellent time management and prioritisation skills to meet deadlines without compromising quality